Financial and insurance services

Description

In order to support the growth and development of the Luxembourg financial centre in the area of sustainable investment products, the Ministry of Finance is looking into ways to set up a financially self-supporting asset structure whose mandate would be to invest out of Luxembourg into climate change mitigation/adaptation projects in developing and emerging markets. The consultancy is to advise the Ministry on options available for such a structure in terms of its legal form, governance and risk management protocols. The ultimate objective is to create a financing vehicle that invests according to international best practices with regard to environmental, social and governance (ESG) criteria, adheres to a clear set of impact indicators and is complementary to the existing climate finance ecosystem in Luxembourg. In order to support the growth and development of the Luxembourg financial centre in the area of sustainable investment products, the Ministry of Finance is looking into ways to set up a financially self-supporting asset structure whose mandate would be to invest out of Luxembourg into climate change mitigation/adaptation projects in developing and emerging markets. The consultancy is to advise the Ministry on options available for such a structure in terms of its legal form, governance and risk management protocols. The ultimate objective is to create a financing vehicle that invests according to international best practices with regard to environmental, social and governance (ESG) criteria, adheres to a clear set of impact indicators and is complementary to the existing climate finance ecosystem in Luxembourg.